515 High Ave Sultan, WA 98294
This exceptional .69-acre parcel, located at 515 High Ave, Sultan, WA 98294 (APN 28083200300500), presents a remarkable opportunity for high-density residential development. The property boasts a prime location fronting High Street in Snohomish County, offering excellent visibility and accessibility. Its flat terrain simplifies construction, and utilities are readily available either on the property or directly adjacent on the street, minimizing upfront infrastructure costs. Zoned for high-density development, this land is perfectly suited for the creation of multi-family dwellings, townhouses, or other high-density residential projects. The proximity to local schools and other amenities ensures a desirable living environment for future residents, maximizing the potential rental income or resale value. This is a rare chance to acquire a substantial piece of development land in a sought-after Sultan location, offering significant potential for a strong return on investment. The property's flat topography and convenient access to utilities make it an exceptionally attractive proposition for developers seeking a straightforward and profitable project. Don't miss this chance to build in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.